Litecoin

Litecoin fell by 1.54% on Tuesday. Partially reversing Mondays 5.87% rally, Litecoin ended the day at $43.37.

A mixed start to the day saw Litecoin rise to an early morning intraday high $44.46 before hitting reverse.

Falling short of the first major resistance level at $45.03, Litecoin slid to a late intraday low $42.84.

Steering clear of the first major support level at $42.28, Litecoin recovered to $43 levels to limit the downside.

At the time of writing, Litecoin was down by 0.30% to $43.24. A bearish start to the day saw Litecoin fall from an early morning high $43.41 to a low $43.11

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to move through the $43.56 pivot to support a run at the first major resistance level at $44.27.

Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels.

Barring another crypto rally, the first major resistance level and Tuesdays high $44.46 would likely cap any upside.

Failure to move through the $43.56 pivot would bring the first major support level at $42.65 into play.

Barring an extended crypto sell-off, however, Litecoin should continue to steer clear of sub-$41 levels. The second major support level at $41.94 should limit any downside.

Major Support Level: $42.65

Major Resistance Level: $44.27

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 2.76% on Tuesday. Following on from a 6.86% rally on Monday, Stellars Lumen ended the day at $0.07376.

A mixed start to the day saw Stellars Lumen fall to an early morning intraday low $0.070312 before finding support.

Steering clear of the first major support level at $0.06837, Stellars Lumen rallied to a late intraday high $0.074290.

Stellars Lumen broke through the first major resistance level at $0.07368. In spite of a late pullback, Stellars Lumen avoided a fall back through the first major resistance level.

At the time of writing, Stellars Lumen was up by 0.14% to $0.073861. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.073852 to a high $0.073861.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.07280 pivot to support a run at the first major resistance level at $0.07526.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Tuesdays high $0.074290.

Barring another broad-based crypto rally, the first major resistance level at $0.07526 would likely limit any upside.

Failure to avoid a fall through the $0.07280 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.072 levels would bring the first major support level at $0.07128 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.070 levels. The second major support level sits at $0.06881.

Major Support Level: $0.07128

Major Resistance Level: $0.07526

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX slid by 4.81% on Tuesday. Reversing most of Mondays 6.53% rally, Trons TRX ended the day at $0.01726.

It was a mixed start to the day. Trons TRX rallied to an early morning intraday high $0.018150 before hitting reverse.

Falling short of the first major resistance level at $0.018520, Trons TRX slid to a late intraday low $0.017111.

Trons TRX fell through the first major resistance level at $0.01732 before finding support. A move back through to $0.01720 levels reduced the deficit on the day.

At the time of writing, Trons TRX was down by 1.41% to $0.017018. A bearish start to the day saw Trons TRX fall from an early morning high $0.017146 to a low $0.016865.

Trons TRX tested the first major support level at $0.01686 early on.

Trons TRX would need to move through the $0.01750 pivot level to support a run at the first major resistance level at $0.01790.

Support from the broader market would be needed, however, for Trons TRX to break out from $0.01750 levels.

Barring an extended crypto rally, the first major resistance level at $0.01790 would likely cap any upside.

Failure to move through the $0.01750 pivot level would bring the first major support level at $0.01686 back into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of the second major support level at $0.01647

Major Support Level: $0.01686

Major Resistance Level: $0.01790

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Originally posted here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 8th, 2020 - Yahoo Finance